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The Trend In Retirement

INTERNATIONAL ECONOMIC REVIEW, no. 2 (2011): 287-316

Cited: 56|Views7
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A model with leisure production and endogenous retirement is used to explain declining labor force participation rates of elderly males. The model is calibrated to cross-sectional data on labor force participation rates of U.S. males by age, their drop in consumption, and leisure good expenditure share in 2000. Running the calibrated mode...More

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